Delmira Sumner

Agent | License ID: 02178315

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$ 500,000

$ 499,888

Est. payment -/mo

Sold on 12/05/2025

26 Leonado Rancho Santa Margarita, CA 92688

2 Beds

2 Baths

1,050 SqFt

UPDATED:

Key Details

Sold Price $500,000

Property Type Condo

Sub Type Condominium

Listing Status Sold

Purchase Type For Sale

Square Footage 1,050 sqft

Price per Sqft $476

Subdivision Belflora (Blf)

MLS Listing ID OC25263922

Bedrooms 2

Full Baths 2

HOA Fees $543/mo

Year Built 1989

Lot Size 1 Sqft

Property Sub-Type Condominium

Property Description

Calling all investors!!! This is the perfect flip property well below turnkey market value. Seller prefers cash buyer for easiest transaction. It is a downstairs end unit 2-bedroom, 2-bathroom with one car attached garage. This unit needs most items: The bones appear good! For sure it needs all new carpet, interior paint and kitchen appliances. Likely you will want to either repaint or replace all kitchen and bathroom cabinets, replace toilets and resurface or replace faded tubs. Condition of water heater and ac unknown. Seller says no condenser but was told when he bought it that pre-wire was there. Looks near neighbor condenser off back patio. Water heater was replaced at one point. This home sits in the highly desirable Belflora community of Rancho Santa Margarita. The HOA re-piped the community this this unit not long ago. From the moment you step inside, you'll appreciate the open, functional design, cozy fireplace, and natural light. The deep, attached 1-car garage with direct access adds everyday convenience. Located just steps from RSM Lake, you'll enjoy iconic Saddleback Mountain views, lakefront dining, and serene walks. Residents have access to the Lago Santa Margarita Beach Club with its sandy beach lagoon, watercraft rentals, BBQ areas, volleyball, and more. The HOA also includes 13 parks, multiple pools, pickleball, tennis, sports courts, and community events year-round. RSM has been ranked as a safest city in California—offering a walkable, active lifestyle with shops, restaurants, coffee houses, and parks all close by. Whether it's kayaking on the lake, playing a quick game of pickleball, or relaxing at the beach club, every day feels like a getaway. And if commuting, you'll appreciate quick access to the 241 Toll Road and a short drive to the coast. This isn't just a smart find—it's the prefect blank canvas for a savvy investor! Come see why!

Location

State CA

County Orange

Area R1 - Rancho Santa Margarita North

Interior

Cooling See Remarks

Fireplaces Type Family Room

Laundry Inside

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool Association

Community Features Curbs, Hiking, Lake, Park, Sidewalks

Amenities Available Sport Court, Dog Park, Maintenance Grounds, Meeting Room, Outdoor Cooking Area, Barbecue, Picnic Area, Playground, Pickleball, Pool, Pet Restrictions, Spa/Hot Tub, Tennis Court(s), Trail(s)

View Y/N No

View None

Building

Story 1

Sewer Public Sewer

Water Public

New Construction No

Schools

Elementary Schools Ceilo

Middle Schools Rancho Santa Margarita

High Schools Trabuco Hills

School District Saddleback Valley Unified

Others

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Listed by Kimberly Krones Reliant Realty Kim@Krones.net
Bought with Steven Bullock Bullock Russell RE Services

Delmira Sumner

Agent | License ID: 02178315

+1(619) 392-0983

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26 Leonado Rancho Santa Margarita, CA 92688

Key Details

Location

Interior

Exterior

Building

Schools

Others

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26 Leonado